Personal Taxes

Paycheck Withholding

Estates and Trusts: Guidance for Itemizing Deductions

The Tax Cuts and Jobs Act (TCJA) prohibits individual taxpayers from claiming miscellaneous itemized deductions for any taxable year beginning after December 31, 2017, and before January 1, 2026. However, proposed guidance has recently been issued clarifying that certain deductions of estates and non-grantor trusts are not miscellaneous itemized deductions and are allowable in figuring …

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tax credit

COVID 19: Update

We are doing our best to keep our clients informed of the new loan programs now available to small businesses.  Here are some important highlights of the Paycheck Protection Program (PPP Loan). Who is Eligible? Businesses with 500 or fewer employees—including nonprofits, veterans organizations, tribal concerns, self-employed individuals, sole proprietorships, and independent contractors—are eligible. When …

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